Harbor Healthcare Advises CT Pharmacy on its Sale

MARCH, 2019 • Madison, Connecticut

Harbor Healthcare is pleased to announce CT Pharmacy has been acquired by CVS Health. The transaction presents a unique opportunity for independent pharmacy owners to monetize the assets of their business while allowing CVS to further expand services to patients, customers and providers in the Connecticut communities and surrounding areas.

“We are proud to have the opportunity to work with CVS and Harbor Healthcare. The transaction provided synergies to buyer and seller that would not otherwise have been possible under different timing and circumstances. This was a fortuitous opportunity for us as owners of the business.” Said Bryan Lentini of CT Pharmacy.

“We are pleased to facilitate this transaction for the independent owners of CT Pharmacy. They worked hard throughout the years to provide exceptional service to each and every customer, patient and provider they served.” Said Michael Cammeyer of Harbor Healthcare.

About CT Pharmacy

CT pharmacy has provided pharmacy services to residents in Madison County, Connecticut and the surrounding areas for more than a decade. The retail pharmacy provides a variety of services to patients and customers. Founded on the paradigm that the patient’s health and service always come first, the pharmacy has earned the distinguished recognition by local residents as a top ranked pharmacy time and time again.

About CVS Health

CVS Health is the nation’s premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has more than 9,800 retail locations and approximately 1,100 walk-in medical clinics. This innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs.

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Author:

Mark Alford

Director & Strategic Advisor

619-535-9005

A much deserved yet overdue thank you for your continued help and support of me with the questions that I ask of you from time to time. I appreciate your patience and perseverance in ensuring that you find the right answer for me.
Jeffrey E. Feldberg
Choosing someone that could mentor me with all of the nuances of this type of business was important. I was very fortunate to find Mark who has been instrumental in helping me understand not only what needed to be done but also how to accomplish it in the most effective, efficient way.
Tammy Miller
Being a pharmacist himself and owning his own businesses provides Ira with unique insight when working on behalf of a pharmacy owner… While working on my behalf, I observed several of Ira’s personality characteristics which helped create and keep the deal together; these being: people skills, positive attitude, decisiveness, creativity and intellect. In addition, during the transaction Ira was able to gain the respect of our prospective buyers with his expertise and style…
Ronald A. Memo, RPh
Ira Cammeyer is not a “business broker”. He and his colleagues are deal makers. They maximize your position in the market and represent you 110%. The association does not stop after the deal is done. Belonging to the “Ira” family brings you opportunities in the future. In addition, Ira is there for you. His opinion and network is just a phone call away.
Stanley R. Goldenberg, RPh, FASCP
Michael worked tirelessly in establishing financials that would convert our private business records into the format required for evaluation by potential capital partners. We could not be more pleased by the results and will continue our relationship with Harbor Healthcare so that they can assist us in finding potential acquisition targets.
Ron Belville, RPh